Correct me if I'm wrong but this is what MMX have that is worth $1.2 billion. What's BRM worth?
Koolanooka (Hematite) – DSO project in production; 1 million tonnes (“Mt”) per annum from an Ore
Reserve of 7.9Mt at 57.8% Fe (as at 29 December 2007).
• Koolanooka (Magnetite) – Significant magnetite Mineral Resource of 430Mt at 35% Fe, representing
approximately 26% of the mineralised outcrop strike length.
• Weld Range – Flagship haematite project with 133Mt JORC compliant Mineral Resource at 58.5% Fe
from Madoonga and Beebyn deposits, representing approximately 38% of the mineralised outcrop length
and with an exploration target of up to 299Mt across the tenements (including the Hampton Hill Mining
JV).
• Jack Hills – Hematite project with an initial JORC compliant Mineral Resource estimate of 15.4Mt at an
average grade of 59.7% Fe with an exploration target of up to 36Mt of DSO across the tenements. There
is the potential to supplement the DSO with a beneficiable ore product which is being further evaluated.
• Robinson Range – Exploratory mapping programme of hematite deposits with rock chip samples having
returned average assay ranges of 59.2% to 63.4% Fe.
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